XTI Aerospace Inc. has announced the completion of a private placement involving the unregistered sale of equity securities. Unusual Machines, Inc. purchased all outstanding shares of XTI Aerospace’s Series 10 Convertible Preferred Stock for $25 million. Following shareholder approval, these preferred shares automatically converted into 1,721,980 shares of common stock and a pre-funded warrant to purchase an additional 15,307,735 shares of common stock. The securities were sold in reliance on exemptions from registration under the Securities Act and are subject to transfer restrictions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XTI Aerospace Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-003002), on January 09, 2026, and is solely responsible for the information contained therein.